Heritage Financial Corporation (HFWA)

Heritage Financial Statistics

Total Valuation

HFWA has a market cap or net worth of $1.14 billion. The enterprise value is $950.24 million.

Market Cap	1.14B
Enterprise Value	950.24M

Important Dates

The last earnings date was Thursday, January 22, 2026, before market open.

Earnings Date	Jan 22, 2026
Ex-Dividend Date	Jan 28, 2026

Share Statistics

HFWA has 41.13 million shares outstanding. The number of shares has decreased by -1.27% in one year.

Current Share Class	41.13M
Shares Outstanding	41.13M
Shares Change (YoY)	-1.27%
Shares Change (QoQ)	-0.02%
Owned by Insiders (%)	1.49%
Owned by Institutions (%)	71.49%
Float	40.51M

Valuation Ratios

The trailing PE ratio is 14.16 and the forward PE ratio is 11.13.

PE Ratio	14.16
Forward PE	11.13
PS Ratio	3.86
Forward PS	3.40
PB Ratio	1.02
P/TBV Ratio	1.68
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	14.07
EV / Sales	3.89
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 7.57%.

Return on Equity (ROE)	7.57%
Return on Assets (ROA)	0.96%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Weighted Average Cost of Capital (WACC)	6.84%
Revenue Per Employee	$329,069
Profits Per Employee	$91,013
Employee Count	742
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, HFWA has paid $11.07 million in taxes.

Income Tax	11.07M
Effective Tax Rate	14.08%

Stock Price Statistics

The stock price has increased by +11.41% in the last 52 weeks. The beta is 0.52, so HFWA's price volatility has been lower than the market average.

Beta (5Y)	0.52
52-Week Price Change	+11.41%
50-Day Moving Average	25.21
200-Day Moving Average	24.01
Relative Strength Index (RSI)	62.90
Average Volume (20 Days)	298,979

Short Selling Information

The latest short interest is 1.14 million, so 2.77% of the outstanding shares have been sold short.

Short Interest	1.14M
Short Previous Month	1.07M
Short % of Shares Out	2.77%
Short % of Float	2.82%
Short Ratio (days to cover)	5.17

Income Statement

In the last 12 months, HFWA had revenue of $244.17 million and earned $67.53 million in profits. Earnings per share was $1.96.

Revenue	244.17M
Gross Profit	244.17M
Operating Income	82.98M
Pretax Income	78.60M
Net Income	67.53M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$1.96

Balance Sheet

The company has $233.09 million in cash and $42.35 million in debt, with a net cash position of $190.74 million or $4.64 per share.

Cash & Cash Equivalents	233.09M
Total Debt	42.35M
Net Cash	190.74M
Net Cash Per Share	$4.64
Equity (Book Value)	921.50M
Book Value Per Share	27.13
Working Capital	-5.50B

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Margins

Gross Margin	n/a
Operating Margin	33.99%
Pretax Margin	32.19%
Profit Margin	27.66%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 3.46%.

Dividend Per Share	$0.96
Dividend Yield	3.46%
Dividend Growth (YoY)	3.23%
Years of Dividend Growth	5
Payout Ratio	48.98%
Buyback Yield	1.27%
Shareholder Yield	4.73%
Earnings Yield	5.92%
FCF Yield	n/a

Analyst Forecast

The average price target for HFWA is $31.25, which is 12.37% higher than the current price. The consensus rating is "Buy".

Price Target	$31.25
Price Target Difference	12.37%
Analyst Consensus	Buy
Analyst Count	4
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on September 28, 2005. It was a forward split with a ratio of 1.05:1.

Last Split Date	Sep 28, 2005
Split Type	Forward
Split Ratio	1.05:1

Scores

Altman Z-Score	n/a
Piotroski F-Score	2